Bombay HC holds housewife was a mere joint proprietor, quashes I-T reassessment order
The Bombay Excessive Court docket has nullified a reassessment order in opposition to a housewife, noting that the property was bought solely by her husband. The Earnings-tax (I-T) authorities, on noting a high-value transaction of buy of property valued at greater than Rs. 30 lakhs, had held that revenue had escaped evaluation. Thus, a reassessment […]